Detailed Single Year Tables

Description of Proposed Provision:
Price indexing of PIA formula factors beginning with those newly eligible for OASDI benefits in 2019: Reduce PIA formula factors so that initial benefits grow by inflation rather than by the SSA average wage index.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2012

13.83

12.89

-0.93

340

0.00

0.00

0.00

2013

13.95

12.83

-1.12

329

0.00

0.00

0.00

2014

13.98

12.93

-1.05

315

0.00

0.00

0.00

2015

13.97

12.95

-1.01

302

0.00

0.00

0.00

2016

13.94

12.98

-0.96

290

0.00

0.00

0.00

2017

13.91

13.01

-0.91

277

0.00

0.00

0.00

2018

13.96

13.03

-0.93

265

0.00

0.00

0.00

2019

14.13

13.05

-1.08

253

0.00

0.00

0.00

2020

14.36

13.07

-1.28

241

-0.02

0.00

0.02

2021

14.61

13.10

-1.51

228

-0.04

0.00

0.04

2022

14.89

13.12

-1.77

214

-0.08

0.00

0.07

2023

15.17

13.14

-2.03

200

-0.12

-0.01

0.12

2024

15.42

13.15

-2.26

185

-0.18

-0.01

0.17

2025

15.64

13.17

-2.47

170

-0.24

-0.01

0.23

2026

15.83

13.18

-2.65

154

-0.32

-0.02

0.30

2027

16.01

13.19

-2.82

138

-0.40

-0.02

0.38

2028

16.15

13.20

-2.94

122

-0.49

-0.02

0.47

2029

16.25

13.21

-3.04

105

-0.58

-0.03

0.55

2030

16.32

13.22

-3.11

88

-0.68

-0.03

0.65

2031

16.36

13.22

-3.14

70

-0.78

-0.04

0.75

2032

16.36

13.22

-3.14

52

-0.89

-0.04

0.85

2033

16.33

13.22

-3.10

34

-1.00

-0.05

0.95

2034

16.26

13.22

-3.04

16

-1.12

-0.06

1.06

2035

16.18

13.22

-2.96

----

-1.23

-0.06

1.17

2036

16.08

13.21

-2.86

----

-1.35

-0.07

1.28

2037

15.96

13.21

-2.75

----

-1.47

-0.07

1.40

2038

15.82

13.20

-2.62

----

-1.60

-0.08

1.52

2039

15.67

13.20

-2.47

----

-1.72

-0.09

1.64

2040

15.50

13.19

-2.32

----

-1.85

-0.09

1.76

2041

15.33

13.18

-2.16

----

-1.98

-0.10

1.88

2042

15.16

13.17

-1.99

----

-2.12

-0.11

2.01

2043

14.99

13.16

-1.82

----

-2.26

-0.12

2.14

2044

14.81

13.15

-1.66

----

-2.40

-0.12

2.28

2045

14.64

13.14

-1.50

----

-2.54

-0.13

2.41

2046

14.47

13.14

-1.33

----

-2.69

-0.14

2.55

2047

14.30

13.13

-1.17

----

-2.84

-0.15

2.69

2048

14.13

13.12

-1.01

----

-2.99

-0.16

2.83

2049

13.96

13.11

-0.85

----

-3.13

-0.16

2.97

2050

13.80

13.10

-0.69

----

-3.28

-0.17

3.11

2051

13.64

13.09

-0.55

----

-3.43

-0.18

3.25

2052

13.49

13.09

-0.40

----

-3.58

-0.19

3.39

2053

13.34

13.08

-0.26

----

-3.73

-0.20

3.53

2054

13.20

13.07

-0.13

----

-3.88

-0.20

3.67

2055

13.07

13.07

0.00

----

-4.03

-0.21

3.81

2056

12.93

13.06

0.13

----

-4.17

-0.22

3.95

2057

12.81

13.05

0.25

----

-4.32

-0.23

4.09

2058

12.68

13.05

0.37

----

-4.46

-0.24

4.22

2059

12.55

13.04

0.49

----

-4.60

-0.24

4.35

2060

12.42

13.03

0.61

----

-4.73

-0.25

4.48

2061

12.30

13.03

0.73

----

-4.87

-0.26

4.61

2062

12.17

13.02

0.85

----

-5.00

-0.26

4.73

2063

12.05

13.01

0.96

----

-5.13

-0.27

4.85

2064

11.93

13.01

1.08

----

-5.25

-0.28

4.98

2065

11.82

13.00

1.19

----

-5.38

-0.29

5.10

2066

11.71

13.00

1.29

----

-5.51

-0.29

5.22

2067

11.60

12.99

1.39

----

-5.64

-0.30

5.34

2068

11.50

12.99

1.49

----

-5.77

-0.31

5.46

2069

11.40

12.98

1.58

----

-5.90

-0.31

5.58

2070

11.30

12.98

1.68

----

-6.03

-0.32

5.71

2071

11.20

12.97

1.77

----

-6.15

-0.33

5.83

2072

11.10

12.97

1.87

----

-6.28

-0.33

5.94

2073

11.00

12.96

1.96

----

-6.40

-0.34

6.06

2074

10.91

12.96

2.05

----

-6.53

-0.35

6.18

2075

10.81

12.95

2.14

----

-6.65

-0.36

6.30

2076

10.71

12.95

2.23

----

-6.77

-0.36

6.41

2077

10.62

12.94

2.32

----

-6.89

-0.37

6.52

2078

10.53

12.94

2.41

----

-7.01

-0.38

6.64

2079

10.43

12.93

2.50

----

-7.14

-0.38

6.76

2080

10.34

12.93

2.58

----

-7.26

-0.39

6.87

2081

10.26

12.92

2.67

----

-7.38

-0.40

6.99

2082

10.17

12.92

2.75

----

-7.51

-0.40

7.10

2083

10.09

12.91

2.83

----

-7.63

-0.41

7.22

2084

10.00

12.91

2.91

----

-7.75

-0.42

7.34

2085

9.92

12.90

2.98

----

-7.87

-0.42

7.45

2086

9.84

12.90

3.06

19

-7.99

-0.43

7.57

2087

9.76

12.90

3.14

50

-8.11

-0.44

7.68

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2012 Trustees Report.

2012-2086

13.92%

13.88%

-0.04%

2034

-2.77%

-0.14%

2.62%

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1 Under present law, the year of Trust
Fund reserve depletion is 2033.